Norton Inc. has a 2 - to - 1 current ratio. This ratio would increase to more than 2 to 1 if?

Question

a. A previously declared stock dividend were distributed
b. The company wrote off an uncollectible receivable.
c.The company sold merchandise on open account that earned a normal gross margin.
d. The company purchased inventory on open account.

Imran Adwani · Answer

Option 'c'.

Naeem Abbas · Answer

A previously declared stock dividend were distributed.

nila mani · Answer

the answer option 'C'.thanks

Valiza Afonso · Answer

The answer is option C.

Shafiulla Mohammad · Answer

The company will generate cash increasing the current assets, further increasing the current ratio. The options A, B and D will decrease the current assets. Hence, the answer is option C.

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Norton Inc. has a 2 - to - 1 current ratio. This ratio would increase to more than 2 to 1 if?

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